Arkansas § 16-123-202 Definitions

Arkansas Statutes

§ 16-123-202 — Definitions

Arkansas § 16-123-202

Title16

This text of Arkansas § 16-123-202 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 16-123-202 (2026).

Text

As used in this subchapter:

(1)"Housing accommodation" includes improved or unimproved real property, or a part thereof, which is used or occupied, or is intended, arranged, or designed to be used or occupied, as the home or residence of one (1) or more persons;

(2)"Real estate broker or salesperson" means a person, whether licensed or not, who:

(A)For or with the expectation of receiving a consideration, lists, sells, purchases, exchanges, rents, or leases real property;

(B)Negotiates or attempts to negotiate any of those activities;

(C)Holds himself or herself out as engaged in those activities;

(D)Negotiates or attempts to negotiate a loan secured or to be secured by a mortgage or other encumbrance upon real property;

(E)Is engaged in the business of listing real property in a pu

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As used in this subchapter: (1) "Housing accommodation" includes improved or unimproved real property, or a part thereof, which is used or occupied, or is intended, arranged, or designed to be used or occupied, as the home or residence of one (1) or more persons; (2) "Real estate broker or salesperson" means a person, whether licensed or not, who: (A) For or with the expectation of receiving a consideration, lists, sells, purchases, exchanges, rents, or leases real property; (B) Negotiates or attempts to negotiate any of those activities; (C) Holds himself or herself out as engaged in those activities; (D) Negotiates or attempts to negotiate a loan secured or to be secured by a mortgage or other encumbrance upon real property; (E) Is engaged in the business of listing real property in a publication; or (F) Is a person employed by or acting on behalf of a real estate broker or salesperson; (3) "Real estate transaction" means the sale, exchange, rental, or lease of real property, or an interest therein; and (4) "Real property" includes a building, structure, mobile home, real estate, land, mobile home park, trailer park, tenement, leasehold, or an interest in a real estate cooperative or condominium.